![]() ![]() This is, in fact, after BYND partnered with Starbucks, Yum Brands, and Sinodis. BYND entered into a partnership with Alibaba Group, whereby its products will be available in Freshippo stores (Alibaba’s supermarkets) in Shanghai. After tying up with Dunkin’ soon after its IPO, Beyond Meat entered China in 2020. ![]() ![]() Additionally, the company’s new partnerships will also drive impressive top line growth. However, this trend is expected to reverse in the short term and the company will once again get on its fast growth track and there are multiple trends that support this growth outlook.įirstly, the gradual lifting of lockdowns in recent months will help the restaurant segment register strong growth along with sales from retail chains. BYND revenues saw a rise of 36.6% y-o-y in 2020, which was sharply lower than historical growth rates. The coronavirus pandemic put a halt to the company’s fast-growing revenues as shutting down of restaurants due to the lockdown significantly affected the company’s restaurant and foodservice business, which was the fastest growing segment for BYND until 2019. We believe Beyond Meat Revenues have the potential to rise close to 2.7x from the level of $407 million in 2020 to $1.1 billion by 2023, representing a growth rate of roughly 40% per year (for context, the compounded annual growth rate was a very healthy at 164% between 20). Does this make the stock expensive considering the recent volatility in the stock price? Probably not, considering that revenues are likely to grow almost 2.7x by 2023, with net income turning positive in 2022 and growing steadily thereafter, generating continued returns for shareholders. With a market cap of over $9.6 billion, the stock now trades a little over 17x projected 2021 revenues, despite the fact that 2020 was the toughest year for the company due to the pandemic and it also missed analysts’ expectations for Q1 2021. Beyond Meat Inc stock (NASDAQ: BYND), a leading-edge food company that produces meat directly from plants – an innovation that provides taste and texture of animal-based meat products along with nutritional benefits of plant-based products – has seen its stock rise by over 160% from the lows seen in March 2020. ![]()
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